Regions Bank Rolls Out Innovative, New Mobile Apps That Let Customers Make Deposits, Load Pre-Paid Cards and Select Speed of Funds Availability
Regions
Bank (NYSE: RF) Mobile Banking customers can now make deposits to
their accounts using their mobile device. With the introduction of
Regions Mobile Deposit, customers can now use their phone or iPad to
take a photo of a check and place those funds in a consumer deposit
account or load them to a Regions Now Card, a reloadable Visa® prepaid
card.
The Mobile
Deposit service has three funds availability options – a standard
option of two business days, an intermediate same day availability
option, and an immediate availability option. Costs per Mobile Deposit
transaction are as low as 50 cents.
“Services like Mobile Deposit and check
cashing at DepositSmartsm ATMs are just two examples of
how Regions is offering more ways for our customers to manage their
finances when and how they want,” said Scott Peters, head of Regions
Consumer Services. “It gives our customers more options that are easy to
use and that fit their lifestyle.”
Mobile Deposit applications combine many aspects of traditional deposits
and the ability to reload a prepaid card. Application development and
integration service for Regions Mobile Deposit are provided in
conjunction with Kony Solutions and Chexar.
“More and more people are using the mobile channel to manage their
finances, and we believe providing customers the ability to load a
prepaid card or have immediate funds availability is significant,” said
Chris Cox, head of Regions eBusiness. “Customers have quickly shown an
appreciation for these options and a product that lets them choose how
quickly they need access to their funds.”
Versions of the Regions Mobile App updated with Mobile Deposit are
available for download for Android, iPhone and iPad.
Visit www.regions.com
for more information on Regions
Mobile Banking Products and to learn more about Mobile
Deposit or other mobile banking features.
About Regions Financial Corporation
Regions Financial Corporation, with $121 billion in assets, is a member
of the S&P 500 Index and is one of the nation’s largest full-service
providers of consumer and commercial banking, wealth management,
mortgage, and insurance products and services. Regions serves customers
in 16 states across the South, Midwest and Texas, and through its
subsidiary, Regions Bank, operates approximately 1,700 banking offices
and 2,000 ATMs. Additional information about Regions and its full line
of products and services can be found at www.regions.com.
